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US Dollar Stores Face a Slowdown—Is Temu To Blame?
October 24, 2024 12 minutes

US Dollar Stores Face a Slowdown—Is Temu To Blame?

Primary Analyst:
Sujeet Naik, Analyst
Contributors
Primary Analyst:
Sujeet Naik, Analyst
Sector Lead: Anand Kumar, Associate Director of Retail Research
Category/Sector Focused Mass Merchandisers, Discount Stores, Warehouse Clubs
Insight Report

What's Inside

While, historically, dollar stores have been known to thrive during tough economic times, leading US dollar-store chains are currently experiencing sluggish growth. Is Temu a principal reason for the weakness seen at Dollar General and Dollar Tree? We analyze proprietary Coresight Research survey data to assess whether Temu has played a role in the recent underperformance of dollar stores, as well as what Temu means for the US retail space at large.

Data in this research report include:

  • Average age and household income of nonfood shoppers at various retailers, including Dollar General, Dollar Tree and Temu, 2024
  • Proportion of dollar stores shoppers buying nonfood products on Temu and share of total US consumers shopping on Temu, October 2023–September 2024
  • Proportion of shoppers who switched part of their nonfood spending from another retailer to Temu, October 2024

Companies mentioned in this report include: Amazon, Dollar General, Dollar Tree, Target, Temu, Walmart

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Category/Sector Focused Digital Commerce E-Commerce Mass Merchandisers, Discount Stores, Warehouse Clubs

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